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Standard Engineering Technology Limited (SETL) — Technical Setup
₹402.35 +0.22% Strong Uptrend Volatility Expansion Neutral
Summary
Standard Engineering Technology Limited is in a strong uptrend on the daily chart. RSI(14) is 56.7, MACD is below its signal line, ADX reads 44 (trending). Volume in the latest session was 0.7× its 20-day average. Over three months it has outperformed the Nifty 50 by 96.8 percentage points. Nearest support is ₹298.00, with no swing resistance overhead. Its technical score is 57/100 (neutral).
🧮 How the 57/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (1.91)3/3
- 20-day EMA above 50-day EMA3/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (43.71)3/3
- Weekly trend up (above a rising 30-week average)2/2
- RSI(14) in the bullish zone (55-70 best) (56.66)6/6
- MACD line above its signal line0/4
- MACD line above zero (31.46)3/3
- 12-day rate of change positive (7.31)3/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (96.77)2/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (0.44)5/5
- More volume on up days than down days (20 sessions) (4.38)5/5
- Close above 20-day VWAP (6.74)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (4.62)2/6
- Price in the upper half of its Bollinger Bands (0.55)5/5
- Shallow drawdown from the 52-week high (-14.06)3/5
- Volatility contracting (20-day volatility below its 6-month median) (68.80)0/4
- Room to the next resistance (≥8% scores full)0/5
- Support close below (a tight, definable stop) (25.94)0/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-14.06)2/5
🧭 Regime: Strong Uptrend
Volatility Expansion — Bollinger width is in the 77th percentile of the last six months.
Suits: Trend-following. Pullbacks to the 20-day EMA and breakouts tend to be bought in strong trends; mean-reversion shorts fight the tape.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the Momentum Breakout rules for SETL — close at a 20-day high on 1.5× average volume, rsi above 55.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | ▲ Bullish | 70.40 | 18.23 |
| Daily | ▲ Bullish | 56.66 | -3.47 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bullish, weekly ADX 57.57.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks. Volume has dried up to under 60% of normal.
💪 Relative strength
SETL ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Close | ₹402.35 | — | |
| Support | ₹298.00 | −25.9% | 3 |
| Support | ₹256.62 | −36.2% | 2 |
| Support | ₹142.44 | −64.6% | 8 |
| Support | ₹110.17 | −72.6% | 3 |
52-week range: ₹104.56 – ₹468.15 (-14.06% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹104.56 (2026-03-30) to ₹468.15 (2026-09-11). Price has retraced 18.1% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹382.34 | -5.0% | nearest |
| 38.2% retracement | ₹329.26 | -18.2% | |
| 50.0% retracement | ₹286.36 | -28.8% | |
| 61.8% retracement | ₹243.45 | -39.5% | |
| 78.6% retracement | ₹182.37 | -54.7% | |
| 127.2% extension | ₹567.05 | +40.9% | |
| 161.8% extension | ₹692.85 | +72.2% | |
| 200.0% extension | ₹831.74 | +106.7% |
🕯️ Candlesticks (last 5 sessions)
No classic candlestick pattern in the last five sessions.
↗️ Divergences
No regular divergence on RSI, MACD, OBV, MFI or Stochastic at the latest swings.
✅ Screens SETL passes today
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
